Assume two economies are identical in every way except that one has a higher saving rate. According to the Solow growth model, in the steady state, the country with the higher saving rate will have level of total output and rate of growth of output than/as the country with the lower saving rate.
A. a higher; the same
B. a higher; a lower
C. a lower; a higher
D. the same; the same
E. a higher; a higher

Overspeculation and a decrease in consumer confidence are both leading factors of: ?

Jennifer purchased a house in a brand new development in the outskirts of town. when her house was built, the nearest fire department was nearly 20 miles away. as her neighborhood developed, the density of the community called for a new fire department 1.5 miles away. what effect will the new fire station have on her homeowners insurance premium? a. a new fire department will be more demanding on local taxes. her annual premium will go up. b. the location of a fire department has no bearing on the value of her house. her annual premium will stay the same. c. the new fire department will reduce the risk of financial loss in her home. her annual premium should decrease. d. with a fire department so close (less than 5 miles), financial risk on jennifer’s home practically disappears. she will not need to pay insurance anymore.

Which of the following comes after a period of recession in the business cycle? a. stagflation b. a drought c. a boom d. recovery